By Katie Agness
Movement Mortgage’s mission is, “We exist to love and value people by leading a movement of change in our industry, corporate cultures and communities.” While it exemplifies this mission through its commitment to its clients and employees, Movement Mortgage is equally as invested in its expanding communities. “As a company, in 2017 we gave more than $30 million combined across all of our communities,” says Tony Ruff, branch manager and senior mortgage originator for the Central Texas branch.
For more than a decade, Movement Mortgage has been dedicated to providing homebuyers with an easy, stress-free lending experience. Founded in the middle of the mortgage crisis of 2008, Movement Mortgage’s founders saw a void in the marketplace and an opportunity to serve its clients by delivering a superior loan process than the one that existed prior to the crisis.
Ruff explains, “We fully underwrite all files upfront with a goal of six hours or less, with or without a contract. That means full credit approvals before our REALTORS and clients even start looking at new potential homes. From that point, all loans continue to be fully processed in seven business days. All verifications are completed, again, without a contract, in seven days or less. Once under contract, we simply order title, appraisal and insurance to complete the full approval and move the file to closing. Our closers then have one day to send out the closing package to title, regardless of close date.”
“From this, our 6-7-1 backwards processing was born, says Ruff. “Our ‘backwards’ process includes a six hour upfront underwriting, seven business day processing and one day in closing.”
Over the past 10 years, Movement Mortgage has seen great success and growth. Founded in 2008 in Virginia Beach with four employees, Movement Mortgage has expanded to more than 450 locations and 4,000 employees across 47 states. As of September 2017, its ranked No. 8 for all purchase loan volume in the U.S.
“Movement Mortgage has been named one of America’s fastest growing companies by Inc. magazine five times, earning us a place on the Inc. 5,000 Honor Roll,” Ruff says. “The 36th Annual Inc. 5,000, the most prestigious list of the nation’s fastest-growing private companies, listed Movement as one of its honorees. By making the list for the fifth time, Movement has earned a place on Inc.’s exclusive Honor Roll, an achievement only 7 percent of all Inc. list members have ever achieved.”
In addition to national growth, Movement Mortgage’s Texas region has seen tremendous growth. “In March 2011, I moved to Austin to open our first Central Texas Branch office to begin serving Texas REALTORS and their clients throughout our market,” Ruff says. “As branch manager and senior mortgage originator, our goal has always been to provide an exceptional client experience to help increase both referrals and closed contracts to our REALTOR partners.”
Today, there are more than 140 employees in 30 offices across the state, such as Austin, Houston, San Antonio, Dallas, Ft. Worth, El Paso, Tyler, McAllen, Corpus Christi and some surrounding cities.
While Movement Mortgage continues to grow and expand into new markets, it remains true to its originating goal—to provide its customers with a superior loan process. “Everything we do is in an effort to take the worry and stress out of the home buying process for both our clients and our REALTOR partners,” Ruff says. It’s simply a better way to buy a home – with confidence.” RL